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it's not just about paying some it's not just about paying some government tad have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufresne when he quizzes the warden, that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of how well we could be doing, think about this. the moribund, ossified and barely capitalist continent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, sweden, france, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with their
it's not just about paying some it's not just about paying some government tad have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufresne when he quizzes the warden, that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically...
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Dec 7, 2012
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christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from
christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront...
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think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't want any currency exposure. that's when you start to think about adding gold, real estate, master limited partnerships and physical commodities. lauren: you're saying go global with at least some of your investments, at least equity invests. where globally? what countries? >> i don't think it is about countries but i think it is more wheres generate revenue. a lot of great companies around the united states will generate revenue around the world. look at companies domiciled in 50 states where the opportunities doesn't make a lot of sense. it might have made sense 40
think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't...
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Dec 7, 2012
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we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first of all, i'm in the top 2%. i'm paying 45% of my total income in income tacks boxes to state of connecticut and the government. >> you need a better accountant, peter. >> more than half of my income is going to go to the government. you tell me, what's fair about that? >> i'll tell you what's fair about that -- >> i'm paying half. excuse me. i don't care what the majority voted to do. they don't have a right to steal my money just because they vote for it. >> i'll tell you what the problem is. we're in a crisis. we're in a crisis caused by the bu
we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first...
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Dec 7, 2012
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another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth? >> well, because we've got a lot of other issues. they built the cliff and now they're trying to keep us from going over it but it is all a sort of self-made crisis if you will from the policy perspective. i think tom is right, there is a lot of structural issues holding the u.s. back. there's still deleveraging on the household side. businesses are stuck in a cautious state and probably rightly so. it's going to be a grind getting to higher rates of growth. and that's -- getting the expectations right is actually a good thing. we were overly optimi
another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth?...
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Dec 7, 2012
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the typhoon hit hardest in the southern philippines or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which aims to reduce barriers for companies and governments to use alternative fuel. such as issues with permitting. the gravel watch and february and will continue over a two-year period. a report finds a the states themselves agency needs more independent oversight and recommends a restructuring to avoid the appearance of conflict of interest. the institute of medicine says too many board members on the california institute for rich in art of medicine represent schools that receive funding. california voters in 2004 proposition 71 that form the seat i are am. as distributor about 1.3 billion in grants. ca
the typhoon hit hardest in the southern philippines or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which...
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too little government spending at the federal, state, and local level. too little spending because of deleveraging and too little residential investment because we still have an unresolved housing situation, unresolved housing crisis for many americans facing foreclosure. those are all cyclical issues. i actually think we could, with the right set of policies, grow more quickly. do i think longer term we need tax reform? yes, we probably do, but by the way, right now we have the lowest taxes as a share of gdp in recent history, in modern history. we have profits as a share of gdp, profits as a share of national income at a historic high. this is not for want of having tax relief in the economy. it's for want of having spending in the economy. >> very good. good to hear from you again, laura. thank you for joining us. >> thank you very much. appreciate it. >> thank you. have a great weekend. >>> as if you needed another reason to worry about your 401(k), changes could be coming that you need to know about and you cannot afford to miss it next. >>> also, u
too little government spending at the federal, state, and local level. too little spending because of deleveraging and too little residential investment because we still have an unresolved housing situation, unresolved housing crisis for many americans facing foreclosure. those are all cyclical issues. i actually think we could, with the right set of policies, grow more quickly. do i think longer term we need tax reform? yes, we probably do, but by the way, right now we have the lowest taxes as...
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the county is looking for more than $1 billion from the government. county officials don't expect to get that total amount but hope to get something to alleviate some of those traffic problem. >>> a metro bus driver is upped investigation after this video popped up online. check it out. it appears to show the driver holding and possibly reading a newspaper behind the wheel. the rider, who posted the video on the blog unsuck d.c. metro says it happened on the d-2 route during the morning rush last monday. they say the driver has the paper in his hands during a long stretch of the route, both while stopped and while driving. riders we showed this video to were outraged. >> you're reading newspaper. you're putting yourself in danger. you're putting your passengers at danger. >> it's a safety violation. come on, metro. do your job. check into your drivers and figure out what's going on. >> it is difficult to tell from the video if the driver was read lli ing the paper or just holding it. either way, aaa says it is distracted driving, and it puts the drive
the county is looking for more than $1 billion from the government. county officials don't expect to get that total amount but hope to get something to alleviate some of those traffic problem. >>> a metro bus driver is upped investigation after this video popped up online. check it out. it appears to show the driver holding and possibly reading a newspaper behind the wheel. the rider, who posted the video on the blog unsuck d.c. metro says it happened on the d-2 route during the...
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stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in industrial waste water treatment. so we took an application that we use in the food industry and apply to oil and gas industry because both of them have one thing in common. stuart: environmentalists are concerned about fracking. if you inject this water and sand and chemicals the underground, you can pollute the water supply. you are te
stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you...
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it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they start companies there that compete with companies here. that's a big focus in washington and hopefully there will be broad bisupport when the congress reassembles in jn after they get through the whole fiscal cliff issue and focus on making sure we have the right entrepreneur policies so we can remain the world's most trurl nation. that's what will drive economic growth up from 2%, driving unemployment down from 8% or so. that will ensure our competitiveness in what's now a more competitive world. we have to double down on entrepreneurs. it is the secret sauce that's built the american economy. >> what ab
it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they...
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instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican governor to opt for the federal government to step in and create the exchange. let's turn to former vermont governor howard dean and former chairman of the dnc and contributor to cnbc. governor dean, good to have you with us tonight. i think you know this whole story well. these republi
instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday...
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the government waste doesn't end there. it's coming up on "world news now." ♪ thriller thriller ♪ you're fighting for your life ♪ >> announcer: "world news now" weather brought to you by five hour energy. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. thrillerer ♪ thriller thriller night remember that? >> do it again. >> that was the move. the move. that was the move. >> you guys both know how to move. i don't. >> that's right. >> what does a zombie attack have to do with your tax dollars? one has actually funded the other believe it or not. >> the story is crazy just one example of what some say is a huge waste of money. abc's john karl has more. >> reporter: the zombie apocalypse. this isn't a really bad b movie, it an actual scene from the 2012 counterterrorism summit
the government waste doesn't end there. it's coming up on "world news now." ♪ thriller thriller ♪ you're fighting for your life ♪ >> announcer: "world news now" weather brought to you by five hour energy. ♪ thriller thriller night >> announcer: "world news now" weather brought to you by five hour energy. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new...
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that government can't count the amount of workers in government is a little bit beyond the pale and maybe -- >> revised it down? >> from minus 13 to minus 51. i don't know what you call it, 38,000 downward revision. and they revised up the private sector in the month of october, so that was good. the other thing it's very hard for me to believe here that there is not a sandy effect in that i see a minus 22 and a minus 20 on construction. mark, would you just chime in on that? i mean, i guess what -- even if hampton is still there, i don't know, they said no sandy effect, but i'm seeing a minus 42,000 on construction and goods producing. how can that not be? >> no. i think that's some of the sandy effect coming through. with katrina what the bls did is they made some adjustments for the fact that they got a lot fewer respondents from the people who were affected by the storm and my guess is this go-around they decided no to the do that for whatever reason, wait for other data to come in. once we get that data coming in, they will revise down. what you're seeing in the construction jo
that government can't count the amount of workers in government is a little bit beyond the pale and maybe -- >> revised it down? >> from minus 13 to minus 51. i don't know what you call it, 38,000 downward revision. and they revised up the private sector in the month of october, so that was good. the other thing it's very hard for me to believe here that there is not a sandy effect in that i see a minus 22 and a minus 20 on construction. mark, would you just chime in on that? i...
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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government. federal government sent them a notice. 25 were compliant. the other 25 were toast. >> the justice department of this week. that's right. >> the day that both measures kicked in, in washington state and colorado the justice department said we wanted to remind everybody the illegal substance under federal law. we have no choice but to enforce the law and it's also to congress to change the law. were they bluffing? >> this is like al smith, the governor of new york said federal government, this is your prohibition. you try to enforce it. in america today, bill 99% of all marijuana arrests are at the local and state government level. federal government only arizona big mrarpz. entails they are not going to be knocking door to door and sniffing or anything? >> no. let alone the idea they are going to interfere. back in 2010 when that lost boy 3 percentage points, the idea the federal government was going to interfere with the sacramento state government. >> these are the first two states i
government. federal government sent them a notice. 25 were compliant. the other 25 were toast. >> the justice department of this week. that's right. >> the day that both measures kicked in, in washington state and colorado the justice department said we wanted to remind everybody the illegal substance under federal law. we have no choice but to enforce the law and it's also to congress to change the law. were they bluffing? >> this is like al smith, the governor of new york...
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california fleet and workplace alternate fuel project which and to reduce barriers for companies and governments to use. alternative fuels such as issues with permitting the grant will launch in february will continue over a two-year period. >> report finds that the state stand sell it as he needs more dependent overside recommend destroyer trying to avoid the appearance of conflict of interest. the institute of medicine says too many board members of the california institute for regenerative medicine represent schools to receive the funding. california voters in 2004 approved proposition 71 the form as i r m. it has distributed about 1.3 billion in grants. >> california is suing delta air lines over the lack privacy policy. the state alleges that the airlines parking state law by not warning users that it is collecting since the depression eased five customers contacted airline on line. the company missed a 30 day window to comply with the privacy law on its flight dealt apple. designed for use on smart phones. this will be the first legal test for the state of my privacy protection act. >> sev
california fleet and workplace alternate fuel project which and to reduce barriers for companies and governments to use. alternative fuels such as issues with permitting the grant will launch in february will continue over a two-year period. >> report finds that the state stand sell it as he needs more dependent overside recommend destroyer trying to avoid the appearance of conflict of interest. the institute of medicine says too many board members of the california institute for...
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growing concern that syria's government to use chemical weapons. hillary clinton joined her russian counterpart. this morning, elizabeth palmer reports, hillary clinton says there are no easy answers. >> meetings yesterday were important but just the beginning and added nobody should believe it represented a breakthrough. clinton was more frank on president bashar al assad's lack of a place in seary's polityria future. >> every syrian must be included in this process for a new and better future. a future of this kind cannot possibly include assad. we go into these discussions with a clear sense of what we want to see accomplished, but a realistic understanding of how difficult it still is. >> second clinton said there would be another meeting in the coming days to discuss the way forward. for c"cbs this morning," elizabeth palmer, london. >> james baker, secretary of state under president george h. w. bush and second under president reagan, public policy at wright university in houston, joining us now from houston. good morning. >> good morning, ch
growing concern that syria's government to use chemical weapons. hillary clinton joined her russian counterpart. this morning, elizabeth palmer reports, hillary clinton says there are no easy answers. >> meetings yesterday were important but just the beginning and added nobody should believe it represented a breakthrough. clinton was more frank on president bashar al assad's lack of a place in seary's polityria future. >> every syrian must be included in this process for a new and...
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. >> and net flicks fees facing scrutiny from government regulators over this proposal made by c. l. reed hastings in july. securities and exchange commission's analysis to net flicks and hastings regarding the pose on the account. hastings wrote of facebook that monthly viewing on net flicks had exceeded 1 billion hours in june. the sec is that it says and that is material and best information that that must be disclosed as close a regulatory filing or press release. the company says the information as a material because it already disclosed that subscribe is reviewing about a billion hours of content per month. >> the live cameras are looking gorgeous. this is san jose showing you traffic is nice and light on the 1 01 and there is plenty of sunshine. we will be back. reservoirs' have seen a much needed increase in water level since last weekend storms. the reserves and a clear and prove significantly with the rain fall but levels are not exactly where they need to be. since last wednesday the santa clara with valley water district's as average storage in their tent reservoirs' i
. >> and net flicks fees facing scrutiny from government regulators over this proposal made by c. l. reed hastings in july. securities and exchange commission's analysis to net flicks and hastings regarding the pose on the account. hastings wrote of facebook that monthly viewing on net flicks had exceeded 1 billion hours in june. the sec is that it says and that is material and best information that that must be disclosed as close a regulatory filing or press release. the company says the...
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we talked about the good government job numbers that have come in. but apple, not doing great. >>> breaking news out of london. i want to show you some new video of secretary clinton where she's meeting with northern ireland leers. police arrested four ira members on suspicion of plotting a bomb. >>> media star martha stewart says she had to stay in the bed for days last month because of a salmonella infection. stewart said she thinks she got it by handling so many turkeys around thanksgiving. salmonella is a common form of food poisoning. it can happen when food is not properly cooked. >>> investigators in new mexico trying to figure out how a loaded gun ended up in a frozen package of meet. it was a semi-automatic pistol packed inside of a shipment of frozen meet. -- frozen meat. police say the pistol had not been reported. >> we could speck lay on a lot of things. it can have been someone just dropped it there -- speculate on a lot of things. it could have been something that someone just dropped there or -- it could be a hundred different things.
we talked about the good government job numbers that have come in. but apple, not doing great. >>> breaking news out of london. i want to show you some new video of secretary clinton where she's meeting with northern ireland leers. police arrested four ira members on suspicion of plotting a bomb. >>> media star martha stewart says she had to stay in the bed for days last month because of a salmonella infection. stewart said she thinks she got it by handling so many turkeys...